Report

The United States business process as a service market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the ongoing technological advancements and expansion of the IT industry. Besides, rapid adoption of cloud-based platforms across organizations and increasing need to reduce maintenance and operational costs by enterprises are supporting the growth of the United States business process as a service market. Furthermore, the growing need for enterprises to reduce maintenance and operational costs, as well as the surge in demand for business process analytics technology, are expected to propel the growth of the business process as a service market in the United States. Business process as a service is a low-cost alternative to running business operations that allows organizations to focus on core functions while outsourcing other functions such as supply chain management, finance and accounting, and other critical services to maximize profits.
Businesses are expanding their networks and hiring more people to meet the needs of their customers as the country's economy continues to grow. Companies are attempting to provide remote working opportunities in order to improve employees' productivity. Employees can access data from remote locations via internet services, necessitating the need for virtual sets of applications such as storage, servers, networks, and others, which is anticipated to drive demand for the business process as a service market in the United States.
In order to generate insights for informed decision-making in organizations, the amount of data generated by businesses must increase. The company's operations are hampered by the complexity of unstructured data. Organizations from various industry verticals invest in transforming business operations and implementing algorithmic business processes, implying that the US business process a service market has enormous growth potential. Business process as a service can manage large data flows with high accuracy while also addressing the need in various industries to improve process auditing and compliance.
The United States business process as a service market segmentation is based on the organization, process, end-user industry, deployment service type, regional distribution, and company. Based on size of organization, the market is divided into small and medium, large. Small and medium organizations are anticipated to witness the fastest growth in the market during the forecast period, owing to improved profitability and sales of small and medium-sized organizations and rising government support.
Key players operating in the United States business process as a service market are Accenture, Capgemini, Cognizant, EXL, IBM, Fujitsu, Genpact, Oracle, SAP, Microsoft, DXC, Concentrix, Conduent, Entercoms, Nuevora, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the United States business process as a service 2017 to 2021.
- To estimate and forecast the market size of United States business process as a service market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the United States business process as a service market based on size of organization, process, end user industry, deployment service type, region, and company.
- To identify the dominant region or segment in the United States business process as a service market.
- To identify drivers and challenges for the United States business process as a service market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the United States business process as a service market.
- To identify and analyze the profiles of leading players operating in the United States business process as a service market.
- To identify key sustainable strategies adopted by market players in United States business process as a service market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the United States business process as a service market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, United States business process as a service market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- United States Business Process as a Service Market, By Size of Organization:
o Small and Medium
o Large
- United States Business Process as a Service Market, By Process:
o Human Resource Management
o Accounting and Finance
o Sales and Marketing
o Supply Chain Management
o Others
- United States Business Process as a Service Market, By End-User Industry:
o Government and Defense
o BFSI
o IT and Telecommunication
o Healthcare
o Retail
o Manufacturing
o Others
- United States Business Process as a Service Market, By Deployment Service Type:
o SaaS
o PaaS
o IaaS
- United States Business Process as a Service Market, By Region:
o South
o West
o Mid-West
o North-East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United States business process as a service market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).